As was reported recently, Salford City Reds were in court this morning in relation to a winding up petition brought by management consultants Steuer Gregsson.
The result of the hearing was that Steuer Greggson withdrew the petition as the matter had been settled between themselves and Salford City Reds prior to the court date.
The hearing was adjourned, as expected, until 7th January 2013 due to two players attaching themselves to the petition, however the club maintains that payments owed to these players will be made on time and in advance of the second court date.
This matter relates to contractual payments not due to be made until the end of November.
The Club are still in discussions regarding future investment. Meanwhile we welcome the players back to training in approximately one week and look forward to the new campaign.